Chevron’s bet on Venezuela faces political hurdle
For almost two decades trade between the U.S. and Venezuela has been deteriorating. But that hasn’t deterred Chevron from staying in Venezuela and seeking long-term trade security. The latest announcement by the Treasury Department’s Office of Foreign Assets Control...
Nvidia Earnings Offer a Peek into the AI Market’s Future
Nvidia will release third-quarter earnings as investors look for signs of vulnerability stemming from a ban on exports of certain highly advanced chips to China. We can expect all eyes to be on the tech giant Tuesday after market close when they report their most...
Out With the New, In With the Old: Dollar General Investors Look to Vasos to Reverse Slide
Dollar General’s profits are still falling, but the real question at the next earnings call will be what reinstated leader Todd Vasos is doing about it. After less than a year in retirement, Vasos is back at the helm, and investors are waiting to see if he can reverse...
AI Looks Good on Adobe as It Nears Another Revenue Record
Analysts believe Adobe’s foray into artificial intelligence will boost its business. The company may soon give clues on just how much. The software giant is expected to release its fourth-quarter results Dec. 13, and revenue is poised to reach $5 billion for the...
Warner Bros. Discovery’s Next Act: Turning Max into a One-Stop Streaming Shop
In April 2023, at a press launch for Max, Warner Bros. Discovery’s new streaming service, Chief Executive Officer David Zaslav addressed an audience gathered at the historic Stage 14, which over the last century housed the productions of multiple cinematic icons, from...
Nvidia Rides High on A.I. Surge, Boosting Earnings and Investor Buzz
Nvidia Corp. is set to report its third-quarter earnings after markets close Tuesday as analysts predict solid results. Investors will watch Nvidia’s results closely amid high demand for AI graphics units and concerns about U.S.-China trade restrictions. Nvidia’s...
Nvidia’s Next Big Move: Better AI Chips for Autonomous Driving
Nvidia’s vision for powering the auto industry’s technological future runs through its data centers. Sharing a stage in Taipei in mid-October, executives from Foxconn and Nvidia announced plans to build a new class of data centers powering artificial intelligence...
Coming Soon to a Company Near You: Rivian’s Electric Delivery Vans
Rivian’s electric delivery vans will no longer just be an Amazon exclusive. The company announced Tuesday that it would sell its electric delivery vans to other companies by next year, ending an exclusivity deal with Amazon. This announcement was released along with...
Hollywood Strikes Cost Warner Bros. Discovery Subscribers in Third Quarter
Warner Bros. Discovery revealed anemic subscription numbers for streaming service Max in its third-quarter earnings report, as the dual WGA and SAG-AFTRA strikes, the latter of which concluded Wednesday evening, dragged down subscriber development. Subscribers for...
Draftkings beats Wall Street expectations in the third quarter
Draftkings reported a surge in revenue in the third quarter, solidifying its place at the top of the sports betting industry as it becomes more cutthroat. The sports betting company reported a 57% annual increase in revenue to $790 million, surpassing analysts'...